Royal Bank of Scotland -Natwest One Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Royal Bank of Scotland -Natwest One offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Royal Bank of Scotland -Natwest One and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have retained an IFA regarding my remortgage because I am on a fixed term contract of two years (on a grad scheme). My contract started date this year. I am seeking a three year fixed rate mortgage. Property value £325k, I want to borrow £150,000. I purchased the property three years ago for £157,000 and I currently owe 120K to Royal Bank of Scotland -Natwest One
I am a finacial contractor looking to buy a home in Bedford. My next step is to secure a mortgage preferably from Royal Bank of Scotland -Natwest One. Should I contact Royal Bank of Scotland -Natwest One directly or seek the services of a contractor specialist mortgage broker who is used to dealing with contractors and Royal Bank of Scotland -Natwest One.
Do any sections of the CML Lender's Handbook stipulate the requirements for Royal Bank of Scotland -Natwest One when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Royal Bank of Scotland -Natwest One) use to categorise a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?
I am finding the process of trying to obtain a contractor mortgage very frustrating. There doesn't seem to be many lenders who really understand my situation and the peculiarities of being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
The above information is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Royal Bank of Scotland -Natwest One